Home Russia’s Novak: There are big risks of oversupply

Russia’s Novak: There are big risks of oversupply

Published date: 10 Jun. 2019 | 12:12

Russian Energy Minister Novak is now out on the wires, via Reuters, noting that there are big risks of oversupply in the oil market.

Key quotes

Scenario of oil price falling to $30/bbl not excluded if global oil deal not extended.
We need to monitor oil market to take a balanced decision in July.

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